Omni Bridgeway (ASX: $OBL) Market Update

Omni Bridgeway Limited (ASX: $OBL) has provided an update on its investment income and provisional impairments. The company reported approximately A$48.9 million in investment income generated, with A$18.4 million provisionally attributable to OBL, following the 31 December 2023 period end. Additionally, there have been provisional impairments of certain investments during the financial year to date.

Executive Commentary on Recent Developments

The company has seen positive developments with the completion of three investments generating approximately A$28.1 million of income recognised, as well as in principle settlement of three investments resulting in approximately A$20.8 million income yet to be recognised. However, there have been negative developments with case developments resulting in reductions of the carrying value of certain investments. These reductions are non-cash items and are subject to appeal proceedings.

Summary of Omni Bridgeway's Market Update

Omni Bridgeway (ASX: $OBL) has reported positive developments in investment income generation and provisional impairments, with approximately A$48.9 million investment income generated and A$18.4 million provisionally attributable to OBL. However, the company also faced negative developments with reductions in the carrying value of certain investments due to case developments during the financial year to date. The company's outlook will be confirmed in the 1H24 Group Consolidated Financial Statements, which will be released on 29 February 2024.